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China’s ‘two sessions’ 2024: Beijing should restore confidence in internet sector to propel growth, tech delegate says
- China should formulate regulatory policies in a ‘scientific’ manner, while ensuring consistency in implementation, Zhihu CEO Zhou Yuan says
- Proposals like the one submitted by Zhou signal that policymakers are actively discussing how to boost the platform economy, analysts say
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Ben Jiangin Beijing
China needs to restore confidence in its internet and private sectors to recharge growth and innovation, according to a tech industry delegate attending the nation’s annual political gathering known as the “two sessions”.
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The government should strengthen legislative and policy support for Chinese internet platform companies to bolster their confidence to develop and innovate, according to proposals presented by Zhou Yuan, founder and chief executive at Chinese Quora-like service Zhihu.
In China, the term “internet platform companies” refers to large domestic operators of online services, ranging from social media and video gaming to e-commerce and on-demand food delivery.
Zhou, whose proposal was published on Monday on his company’s official WeChat account, is a delegate of the Chinese People’s Political Consultative Conference, the top advisory body.
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Chinese Premier Li Qiang delivers his first work report amid concerns about state of the economy
Chinese Premier Li Qiang delivers his first work report amid concerns about state of the economy
China should formulate regulatory policies in a “scientific” manner, while ensuring consistency in implementation, Zhou said in a comment ahead of the legislative sessions that kicked off on Monday, according to Chinese media, the Economic Observer.
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